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Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, as it seeks to capitalize on soaring demand for the infrastructure needed to support artificial intelligence, according to people with knowledge of the deal.
Brookfield Asset Management, KKR and other private equity and institutional investors have been in talks to invest in the round, people familiar with the matter said. Their conversations are early and there is no guarantee they will lead to a.
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Tylosaurus stretched past 13 metres in the Late Cretaceous seas, longer than two great white sharks nose to tail, with backward-pointing palatal teeth that turned its throat into a one-way ratchet. A newly named species from Texas, Tylosaurus rex, pushes the genus to its upper limit. Read more âș
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The early Chinese backers of AI firm Manus are planning to buy the firm back from Meta Platforms at the $2 billion price Meta paid, in response to a Chinese government order that the deal be reversed, according to two people with direct knowledge of the matter. While the governmentâs order has sparked alarm among Chinese startup founders, seemingly cutting off the U.S. as an avenue for fundraising or sale,... Read more âș
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After the success of OpenClaw, an open-source AI agent software that took the tech world by storm earlier this year, itâs no surprise that copycats are popping up. And some of these copycats are catching up to OpenClaw, by some measures.Hermes, an agent tool from Nous Research, recently eclipsed OpenClaw in terms of new GitHub contributors in the last 30 days, according to GitHub data compiled by ClawCharts, which tracks... Read more âș
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Amazonâs status as the home of independent merchants is eroding. The e-commerce giant has lately overhauled its shopping site to give big brands more control over how their products are displayed and sold. The company recently told them it would give them priority over independent merchants in deciding how their products are described on its website. Thatâs important because many independent merchants sell big-brand products. Read more âș
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Sen. Bernie Sanders (I-Vt.) introduced a bill on Thursday that would establish a $7 trillion sovereign wealth fund that would provide the American public with a 50% ownership stake in the top AI companies. âWhat this bill does is not complicated,â he said during a press briefing on Thursday. âIt ... Read more âș
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When a group of tech companies announce an agreement to support an AI backend-software protocol, we donât blame corporate IT executives for not paying attention. It sounds quite boring.But one such announcement on Wednesday from Google, Microsoft, Salesforce, Snowflake, ServiceNow and others is worth paying attention to. It demonstrates one way established enterprise software providers may parlay their large customer base into an AI business that wonât be decimated by... Read more âș
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One day last fall, my third-grade son came home and proudly announced that he had watched YouTube at school. I was miffed, wondering what the teachers were doing while they plopped the kids in front of a screen. âDonât worry, Mom,â my son said. âWe watched Mark Rober.â I felt a little better. I was familiar with Roberâs highly engaging science experiments, and The Information had profiled his booming creator... Read more âș
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Prediction market Kalshi is generating more than $2 billion in annualized revenue, up about three times from November, as traders betting on NBA and World Cup games drove a surge in trading volume, according to people familiar with the companyâs financials. Kalshiâs fast growth has led its top executives to hold informal conversations with investment banks about an eventual public offering. The eight-year-old startup wants banks seeking to advise it... Read more âș
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Vox Media titles including The Verge, SB Nation, The Dodo and Thrillist have been acquired by Penske Media, Vox said, completing the breakup of one of the early digital media upstarts. The deal comes a few weeks after James Murdoch bought other Vox Media titles, including New York magazine and ... Read more âș
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Shares of technology consulting firm Accenture fell 18% Thursday to their lowest price since 2017 after the company reported a decline in new bookings and revenue growth during the May quarter. The result bolstered the idea that AI tools will hurt consulting firms like Accenture that utilize ... Read more âș
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No one can rival OpenAI for internal drama. But in recent days, Meta Platforms seems to be trying its best to do so. Earlier this week, Wired reported that Chief Technology Officer Andrew Bosworth told staff Meta had done an âatrociousâ job of launching a new AI division. That report followed another one in Wired about the internal dissatisfaction within the companyâs applied AI division, citing Chief Product Officer Chris... Read more âș
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